Trans-Pacific Partnership Set To Move Ahead Without U.S.


The Huffington Post 2017-06-01

Pacific Rim trade ministers meeting in Vietnam committed Sunday to move ahead with the Trans Pacific Partnership trade pact after the United States pulled out.

New Zealand Trade Minister Todd McClay said the remaining 11 TPP countries are open to others joining provided they accept the trade agreement's high standards on labour and environmental protection. He said the door remains open to the U.S., even after President Donald Trump withdrew from the pact in January, saying he prefers bilateral free trade deals.

"It's clear that each country is having to consider both economic values and strategic importance of this agreement, but in the end there is a lot of unity among all of the countries and a great desire to work together to come up with an agreement among 11 that not only delivers for all of our economies and the people of our countries, it's also open to others countries in the world to join if they can meet the high standards in the TPP agreement,'' McClay told reporters.

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